Primewest Property Income Fund

Open ended diversified property fund targeting 5.5%+ p.a. distributions

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Core Property has reviewed the Primewest Property Income Fund, a newly launched open-ended property fund by Primewest.

The Fund invests in a diversified portfolio of properties across the office, industrial, retail and social infrastructure sectors. 

Key features of the Fund include:

  • The initial portfolio will consist of 3 fully occupied childcare centres located in QLD, WA and SA providing a long WALE of 18 years.
  • Initial units are being offered at $1.00 per unit, up to 18 December 2020, with a daily unit pricing thereafter.
  • Targeted distributions of 5.5 cpu in 2021 based on the initial portfolio.
  • Liquidity is provided via a Limited Monthly Withdrawal Facility.
  • The Fund is available to Wholesale investors only.

Core Property has rated the Fund as RECOMMENDED.